Eden Sivan Of Asset Based Lending Closes $2,200,000 Construction Loan In East Hampton
$2,200,000
Building Size
—
Asset Type
Single Family Residence
Closing
Jul 29, 2026
AI
A luxury single-family home is located in East Hampton, NY. The property is involved in a ground-up construction project and is part of a strategic below-market acquisition aimed at creating value through its development.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,200,000
- Lender: Eden Sivan - Asset Based Lending
- Loan Type: Construction
- Loan Terms: 18-Months Ground Up Construction Loan
Eden Sivan, representing Asset Based Lending, facilitated the construction financing for the project. The lender's expertise in in-house underwriting and streamlined closing processes allowed for decisive action on valuable construction opportunities. This transaction illustrates ABL's commitment to expanding its construction financing capabilities across Long Island.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93